Concrete Admixtures Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Superplasticizers, Normal plasticizers, Accelerating admixtures, Retarding admixtures, Air-entraining admixtures, Water-proofing admixtures, and Others (coloring agents, corrosion inhibitors, flame retardants, and fibers)), By End User (Residential, Commercial, Infrastructure) and Region Forecast 2019-2030

Concrete Admixtures Market size was valued at US$ 20.27 billion in 2023 and is poised to grow at a CAGR of 8.3% from 2024-2030. due to the increase in the construction, renovation of old buildings, and rapid growth in the infrastructure for residential and commercial sectors in developing and developed regions. Additionally, an increase in the demand for concrete admixtures due to the performance benefits offered by concrete admixtures such as high strength, durability, and stand to high pressure and chemicals are fueling the market growth and technological advancement boosts the growth of market.

However, the rising cost of complex concrete admixtures, lack of trained professionals to operate, and difficulty in finding suitable concrete admixtures are the major factors that hinder the growth of the market. Residential building has been driven by population growth, migration from hometowns to service industry clusters, and the expanding trend of the nuclear family around the world. Furthermore, the decreasing land-to-population ratio and the rising trend of building high-rise residential buildings and townships have fueled the use of concrete admixtures in residential areas. Indonesia is one of the largest and fastest-growing residential construction markets in Southeast Asia.

Furthermore, the Indonesian government has begun a program to construct approximately one million housing units across the country, for which the government has budgeted approximately US$ 1 billion. China, India, and different Southeast Asian countries lead the low-cost house construction industry in Asia-Pacific. However, because most Asia-Pacific countries have been adversely impacted by COVID-19, growth is projected to drop significantly in the immediate term.